Tadhg Gunnell, the former head of finance and compliance at liquidated stockbroking firm Bloxham, was adjudicated bankrupt by the High Court earlier this year. This meant the brokerage had effectively been trading without the required regulatory reserve.

It said Mr Gunnell has admitted his actions as part of an agreed settlement with the Central Bank.

Bloxham partner who helped bring down the firm won’t pay a cent in fines

In a statement, a spokesman for Mr Gunnell said: Mr Gunnell had joined Bloxham from Deloitte in , where he had been a manager in audit and assurance. The discrepancies also escaped the Central Bank, which would have perused quarterly financial and capital returns as well as annual financial statements. Three years after initiating its own investigation, the Central Bank said its probe is still ongoing, but the investigation against Mr Gunnell has now closed.

It remains to be seen if the bank will impose sanctions on the other Bloxham partners, most of whom work for other Dublin brokerages. Mr Gunnell cannot act as a person concerned in the management of a regulated financial service provider for 10 years. Data Privacy Tech Tools Work Businessperson Awards Commercial Property Construction Comment Columnists Innovation Specials Panama Papers Entrepreneur of the Year AIB Start-up Academy Podcasts Business Podcast Partner Sites Top By using this website, you consent to our use of cookies.

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Central Bank disqualifies former Bloxham partner

Thu, May 21, , Derville Rowland Eoin Burke Kennedy Gareth Murphy Quinn Insurance Sean Quinn Tadhg Gunnell High Court Bloxham Central Bank Deloitte Touche Tohmatsu Ireland. Real news has value. For news you can trust. More from The Irish Times Construction.

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